Business

Bank Asia has been awarded the Best Blood Donor Organization 2010 by Bangladesh Red Crescent Society. Dr Captain (Retd.) Mozibur Rahman Fakir, MP, State Minister for Health and Family Welfare, handed over the award to Erfanuddin Ahmed, President and Managing Director of the Bank

Axiata (Bangladesh) Ltd, a telecommunication company operating in Bangladesh under the brand name Robi, signed a memorandum of understanding with China Development Bank and Huawei Technologies (Bangladesh) Ltd at a programme at Sonargaon Hotel in Dhaka on

Huntsman Textile Effects will provide textile dyes, chemicals and technical service to Bextex Ltd, according to a statement released yesterday. Huntsman and Bextex have signed a partnership deal. Syed Naved Husain, chief executive officer of Bextex, and Paul Hulme, president of Huntsman Textile Effects,

Mizanur Rahman Shelley has been re-elected as the chairman of Premier Leasing and Finance Ltd. Company’s board of directors in its meeting held recently also elected Syed Muhammed Abbdul Mannan as vice-chairman of the company, said a

Harun Rashid Chowdhury has been elected the chairman of the executive committee of Standard Bank. The election was held at the 162nd meeting of the board of directors of the bank recently, said a news

Mutual Trust Bank Ltd (MTB) has recently opened a solar energy driven bank branch at Station Road, Ishwardi, Pabna. MTB Chairman Samson H. Chowdhury formally inaugurated the branch at a simple ceremony held yesterday at a local auditorium at Ishwardi while MTB Founding

A signing ceremony was held to offer mobile-based water and sewerage bill payment facility between Citycell and Dhaka WASA in a city hotel on Monday . Engr. Taqsem A. Khan, Managing Director of Dhaka WASA and Mehboob Chowdhury, CEO of Citycell signed the agreement while

Under a new baggage rule, a passenger will have to pay an extra tax of Tk 25,000 for importing Plasma, LCD or such types of television of more than 52 inches. The National Board of Revenue (NBR) on Thursday issued a circular regarding the baggage rule for the next fiscal year. In the no major ... Read more

With the World Cup football knocking at the door different companies dealing in consumer products and services appear to have gone in a frenzy of booking media spaces and slots in print and electronic media,reports NewAge. Insiders in advertising industry estimated a huge budget of nearly Tk 100 crore in diversified ads in

NBR targets tax-dodging car users The government is likely to double the advance tax for private motor vehicles from the upcoming fiscal in a bid to boost income tax collection from the well-off section of people, officials said. With the change, the minimum tax for a 1500 cc car will be raised to Tk 6,000 ... Read more

BRAC Bank has clinched the ‘Sustainable Bank of the Year 2010’ award at the FT Sustainable Banking Awards, said a statement. The award was jointly announced by Financial Times newspaper and International Finance Corporation, a member of the World Bank Group, at an award ceremony on Thursday in

KDA Avenue Branch of Islami Bank Bangladesh Ltd (IBBL) was inaugurated as its 232nd Branch at Khan A Sabur Road, Khulna on Sunday. Nazrul Islam Manzu, MP, Khulna-2 inaugurated the Branch as Chief Guest while AKM Fazlur Rahman, GM, Bangladesh Bank, Khulna was present at the program as special Guest. The

Apparel industry in Bangladesh Wages becoming regular but workplace safety, health conditions worrisome: Wal-Mart Wal-Mart, the world’s largest retailer, thinks that payment of wages and benefits to Bangladeshi apparel workers are becoming regular. But its auditors described workplace safety and health conditions in Bangladeshi factories, on an average, as ‘still

Grameen Telecom Trust and IES Alliance of Bahrain signed a MoU on Saturday to set up a joint venture fibreglass company in in Bangladesh. The proposed company, Grameen Fibreglass, will make fibreglass products, pipes for sanitation and sewerage purposes, building materials, boats and furniture, said a

Global Motors Ltd has launched car rental services in association with Bangladesh Parjatan Corporation to provide transportation to inbound tourists. Under the partnership, tourists can rent cars from Global Motors at Hazrat Shahjalal International Airport to their destinations inside

Elections to the executive board of the Federation of Bangladesh Chambers of Commerce and Industry has been deferred by two days to June 19. A statement of the country’s apex trade body on Saturday said that the election was deferred as the mayoral election in the Chittagong City Corporation had coincided with the original date ... Read more

Syed Mahbubur Rahman has been appointed managing director and chief executive officer of BRAC Bank, the bank said in a statement yesterday. Prior to this appointment, Rahman was the deputy managing director (DMD) for the same bank. He began his career with Saudi Bangladesh Agricultural and Industrial Investment Company and

Kazi Masihur Rahman has been reappointed managing director of Exim Bank, the bank said in a statement yesterday. An MA in economics from Dhaka University, Rahman joined Exim as additional managing director in

An unconventional product was added to Bangladesh’s export basket as The Reptile Farm Ltd, country’s lone crocodile farm, on Friday made its maiden shipment of crocodile export to Germany, after five years into its inception. ‘A Thai Airways flight carrying 67 frozen saltwater crocodiles reared in my farm left Dhaka at

Clewiston Group, a Chittagong-based company, is set to build a 350-room five-star hotel on Kalatoli beach in Cox’s Bazar, officials said yesterday, quoted The Daily Star. Radisson, the flagship brand of US-based international chain Carlson Hotels Worldwide, will manage and operate the